Japan Submits Draft Pillar Two Law to Parliament
On February 3 and 6, 2023, the Ministry of Finance published the “Bill for Partial Revision of the Income Tax Act” This includes the proposed implementation of the Pillar Two GloBE rules from April 2024.
Blended CFC Calculator
For fiscal years that begin on or before 31 December 2025 but not ending after 30 June 2027, the OECD Administrative Guidance includes a simplified formula to allocate CFC taxes in blended CFC regime. Use our simple calculator.
Qatar: First Arab State to Introduce 15% Minimum Tax
Qatar is the first Arab state to introduce a 15% minimum tax in Law 11 of 2022, issued on February 2, 2023.
Designing a Qualified Domestic Minimum Top-Up Tax (QDMTT)
The OECD Administrative Guidance provides details on which aspects of the GloBE Rules need to be reflected in the QDMTT regime and which aspects don’t.
GILTI & Blended CFC Regimes
Article 2.10 of the Administrative Guidance provides more information on the treatment of the US Global Intangible Low-Taxed Income (GILTI) regime.
OECD Issues the Agreed Administrative Guidance for the GloBE Rules
Today the OECD has issued the Agreed Administrative Guidance for the Pillar Two GloBE Rules. This is the final part of the implementation framework for the GloBE Rules.
OECD Issues the Agreed Administrative Guidance for the GloBE Rules
Today the OECD has issued the Agreed Administrative Guidance for the Pillar Two GloBE Rules. This is the final part of the implementation framework for the GloBE Rules.
FASB Clarifies the Deferred Tax Treatment of the GloBE Rules
Yesterday the Financial Accounting Standards Board (FASB) issued a Tentative Decision on the treatment under US GAAP of deferred taxes for the GloBE minimum tax.
Infographic Showing IASB Pillar 2 Deferred Tax Proposals
See our infographic for the impact of the proposed IASB Pillar 2 amendments to IAS 12 for MNEs with a December 31 year end.
GloBE Top-Up Tax Modelling Tool – Unlimited Companies
Calculate estimated GloBE top-up tax. Add unlimited companies and jurisdictions via an easy to use control panel to view potential jurisdictional liabilities.
